MasterCard Incorporated Reports Record Results for the Year Ended December 31, 2005

- Double-Digit Net Revenue Growth, Up 13.3% to $2.9 Billion
- Record Net Income of $267 Million or $2.67 Per Share
- 749.3 Million MasterCard Cards Issued Globally, Up 10.5%
- More than 24 Million Acceptance Locations

Purchase, NY, March 16, 2006 - MasterCard Incorporated today reported that 2005 was a record year as a result of outstanding performance achieved with the support of its member financial institutions globally. In 2005, net revenue was $2.9 billion, a 13.3% increase versus 2004. This growth was not significantly impacted by currency fluctuations. Net income for the year was a record $267 million, or $2.67 per share on a diluted basis, compared to $238 million, or $2.38 per share on a diluted basis in 2004.

The increase in revenue was due primarily to higher gross dollar volume (GDV) on MasterCard branded cards, up 11.9% to $1.7 trillion, and growth in the number of transactions processed by MasterCard in 2005. GDV growth was fueled by cardholders using the 749.3 million MasterCard cards issued by the company's global customer base at more than 24 million acceptance locations around the world. MasterCard achieved strong international growth, driven primarily by an increase in cross-border travel. Certain pricing changes that went into effect on April 1, 2005 also fueled the increase in revenue.

"MasterCard is delivering results that reflect our customer-focused strategy and the value of our key strategic assets -- our brand, our global network and our payments expertise,